Saturday, May 10, 2008

Gold Markets

Gold Markets
Gold-markets are places where people buy and sell gold,
usually over the Internet but sometimes in person.

These gold-markets usually contain a gold world chart which
tells you the price of gold all over the world to make sure
you are getting a fair price for your gold pieces whether
they are actual gold bullion or jewelry the price varies
depending on if there was anything added to the gold, if it
was cut or if it is just a plain piece of gold. The age of
the gold is also a factor in determining the price you will
be paid for your gold.

In the past several months of gold market has been a
volatile place, with the price of gold jumping higher than
lower than higher again. People interested in selling
their goal watch the gold markets very carefully to see
when the best time to sell will be. Because you want to
sell when the price is high, to get the best money for your
gold, not when the prices low because you won't get as much
for your gold.

The shiny yellow precious metal has made millionaires out
of paupers and ruined many investors? lives. The
gold-markets are a very risky place for those who do not
understand how buying and selling gold works.

Unlike precious gems, rubies and diamonds, buying and
selling gold pretty straightforward. Buying and selling
gems you have to be an expert at the quality and texture
and the other aspects of the gems. With gold, you just
have to know if it's real or not and a reputable dealer
will be able to help you determine if the goal is real or
not. Someone who is out to scam you will tell you it's not
real when it is an offer to take it off your hands for a
small amount and then they have your gold and can make more
money while you only have pennies on the dollar for what
would normally be hundreds of dollars worth. So it pays to
go to a reputable gold dealer.

Most pure gold is too soft or jewelry and is therefore
mixed with other metals and depending on the percentage or
the ratio of gold to medals will depend on the amount you
will receive for your gold. To get the karats of gold, you
have to find out the ratio or percentage of the maximum
strength of each metal. The maximum tensile strength of
copper and gold is achieved with 75% gold and 25% copper
which equals 18 karat gold.

The gram weight and karatage combine designate how much
gold is in the piece, however this is not the sole
determining factor. The level of detail and the
craftsmanship are also taking into account.

Selling gold can be as risky as buying it. These are
attracted to gold like pigs are attracted to mud. And
selling gold with a credit card carries a significant risk
of counterfeit charge backs. So buyer and seller beware in
the gold-markets, both online through the Internet and in
person at the jewelry shops, always go to a reputable
dealer when buying or selling gold.


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More Gold Information at:
http://goldinvestingsite.com/
Gary Giardina

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